Treatment of debit/credit notes in gstr-1 under gstn system
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2018
Dear members,
Please clarify the following:
If sales return from the (B2B) customer, i.e. credit note issued by us where to show in gstr1 (Reduction/Adjust/Decrease the tax liability from the earlier amounts paid through GSTR 3B).
If additional charge to the customer(B2B), i.e. debit note issued by us where to show in gstr1 (Increase the tax liability apart from the earlier amounts paid through GSTR 3B).
Treatment of the above transactions in GSTN system. These are the accounting entries.
Please clarify the following:
If sales return from the (B2B) customer, i.e. credit note issued by us where to show in gstr1 (Reduction/Adjust/Decrease the tax liability from the earlier amounts paid through GSTR 3B).
If additional charge to the customer(B2B), i.e. debit note issued by us where to show in gstr1 (Increase the tax liability apart from the earlier amounts paid through GSTR 3B).
Treatment of the above transactions in GSTN system. These are the accounting entries.
08 January 2018
Show the debit note in 9th column in GSTR 1 and credit note in 6th column in GSTR 2
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